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ABC Company has the following projected sales: Month      Sales Jan         $5,000 Feb         $14,000 Mar         $27,000 Apr         $56,000 14% of the sales...

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Finance

ABC Company has the following projected sales:

Month     Sales
Jan        $5,000
Feb        $14,000
Mar        $27,000
Apr        $56,000


14% of the sales are collected in the same month. 26% of the salesare collected after one month, 42% of the sales are collected aftertwo months, and the remainder are collected after three month. Whatis the amount of the April collections?

Enter your answer rounded off to two decimal points. Do notenter $ or comma in the answer box. For example, if your answer is$12,345.678 then enter as \"12345.68\" in the answer box.

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